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20100930
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't talk about is the support for continuing research and development. that's where u.s. competitiveness lies in high technology industries. we know that the r&d tax credit is an important credit that does affect how much r&d spending business done. business accounts for something like two-thirds of all r&d spending in the united states. so this is important. i don't think this is something that has an immediate... as immediate a job impact as say movement on the current tax credits for the unemployed or extending payroll tax holiday of some sort. but i think it's very important in terms of job creation over the longer term. so if we're thinking about growth and long-term good jobs, research is important. >> smith: mark zandi, will either of these things or both of them together be satisfactory to the business community which feels very uncomfortable it seems to me with the white house right now? >> well, i think the business community is on board for the r&d tax credits. that's been in place since 1981. that's easy. the president has to figure out how to pay for it though. he's going to
Search Results 0 to 1 of about 2 (some duplicates have been removed)